Scrambling for the Arctic's oil

Several countries lay claim on the Arctic ocean where a quarter of the world's undiscovered oil and gas resources lie.

    An international summit has began in Moscow, the Russian capital, to consider rival claims to mineral rights in the Arctic ocean.

    It is thought that a quarter of the world's undiscovered oil and gas resources lie beneath the arctic ocean, and now global warming is making the ice-covered region more accessible.

    Under the UN Convention on the Law of the Sea, coastal nations can claim exclusive rights to natural resources on or beneath the sea floor up to 370 kilometres beyond their land territory.

    Al Jazeera's Tania Page reports.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    'We scoured for days without sleeping, just clothes on our backs'

    'We scoured for days without sleeping, just clothes on our backs'

    The Philippines’ Typhoon Haiyan was the strongest storm ever to make landfall. Five years on, we revisit this story.

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    Daughters of al-Shabab

    Daughters of al-Shabab

    What draws Kenyan women to join al-Shabab and what challenges are they facing when they return to their communities?